Following the resignation of Roger Nuttall from his position as President of Camping World on December 21, 2018, the Company took steps during the quarter ended March 31, 2019 to realign the reporting structure of the Company including management and internal reporting. As a result of these changes, the Company determined that its reportable segments had changed. The Company’s reportable segments have been identified based on various commonalities amongst the Company’s individual product lines, which is consistent with the Company’s operating structure and associated management structure and management evaluates the performance of and allocates resources to these segments based on segment revenues and segment profit. The segment reporting for prior comparative periods have been recasted to conform to the current period presentation.

As previously discussed, the Company previously had three reportable segments: (i) Consumer Services and Plans; (ii) Dealership and, (iii) Retail. Following the realignment, the Company now has the following two reportable segments: (i) Good Sam Services and Plans, and (ii) RV and Outdoor Retail. In conjunction with the first quarter 2019 realignment of its reporting structure, the Company combined its prior Dealership and Retail segments into the RV and Outdoor Retail segment. The Company has also reclassified a portion of the former Consumer Services and Plans segment, the Good Sam Club and co-branded credit card operations, to the RV and Outdoor Retail segment, which reflects the synergies of those two programs with the RV and Outdoor Retail locations. Within the Good Sam Services and Plans segment, the Company primarily derives revenue from the sale of the following offerings: emergency roadside assistance; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; vehicle financing and refinancing; shows and events; and publications and directories. Within the RV and Outdoor Retail segment, the Company primarily derives revenue from the sale of new and used RVs; the sale of RV products and services, including the sale of parts, accessories, supplies and services for RVs, and

equipment, gear and supplies for camping, hunting, fishing, skiing, snowboarding, bicycling, skateboarding, marine and watersport and other outdoor activities; commissions on the finance and insurance contracts related to the sale of RVs; and Good Sam Club memberships and co-branded credit cards.

The reportable segments identified above are the business activities of the Company for which discrete financial information is available and for which operating results are regularly reviewed by the Company’s chief operating decision maker to allocate resources and assess performance. The Company’s chief operating decision maker is a group comprised of the Chief Executive Officer and the President.

Reportable segment revenue, segment income, floor plan interest expense, depreciation and amortization, other interest expense, total assets, and capital expenditures are as follows:


	Three Months Ended				Six Months Ended
	June 30,		June 30,		June 30,		June 30,
($ in thousands)	2019		2018		2019		2018
Segment income:⁽¹⁾
Good Sam Services and Plans⁽²⁾	$	21,208	$	20,721	$	43,622	$	42,438
RV and Outdoor Retail⁽²⁾		75,687		99,845		75,312		124,364
Total segment income		96,895		120,566		118,934		166,802
Corporate & other		(3,914)		(1,479)		(7,087)		(2,963)
Depreciation and amortization		(13,946)		(11,628)		(27,540)		(21,028)
Other interest expense, net		(18,211)		(16,107)		(35,854)		(28,946)
Tax Receivable Agreement liability adjustment		—		—		8,477		—
Loss and expense on debt restructure		—		44		—		(2,056)
Other expense, net		—		(2)		—		(2)
Income before income taxes	$	60,824	$	91,394	$	56,930	$	111,807

(1)

Segment income is defined as income from operations before depreciation and amortization plus floor plan interest expense.

(2)

The Company has adjusted certain prior period amounts for the immaterial correction of errors. See Note 1 – Summary of Significant Accounting Policies – Revisions for Correction of Immaterial Errors.


	Three Months Ended				Six Months Ended
	June 30,		June 30,		June 30,		June 30,
($ in thousands)	2019		2018		2019		2018
Depreciation and amortization:
Good Sam Services and Plans	$	836	$	774	$	1,688		1,505
RV and Outdoor Retail		13,110		10,854		25,852		19,523
Subtotal		13,946		11,628		27,540		21,028
Corporate & other		—		—		—		—
Total depreciation and amortization	$	13,946	$	11,628	$	27,540	$	21,028


	Three Months Ended				Six Months Ended
	June 30,		June 30,		June 30,		June 30,
($ in thousands)	2019		2018		2019		2018
Other interest expense, net:
Good Sam Services and Plans	$	(1)	$	(1)	$	(1)	$	(2)
RV and Outdoor Retail		2,265		1,004		4,413		2,823
Subtotal		2,264		1,003		4,412		2,821
Corporate & other		15,947		15,104		31,442		26,125
Total interest expense	$	18,211	$	16,107	$	35,854	$	28,946


	June 30,		December 31,
($ in thousands)	2019		2018
Assets:
Good Sam Services and Plans	$	89,553	$	174,623
RV and Outdoor Retail		3,396,682		2,438,908
Subtotal		3,486,235		2,613,531
Corporate & other		186,278		193,156
Total assets	$	3,672,513	$	2,806,687